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Down 25% or so, currently. Would you buy at this point? Why or why not?
by llampx 5y ago
Down 25% or so, currently. Would you buy at this point? Why or why not?
- ejb999 5y agowouldn't touch it with a ten foot pole - and for the same reason I won't own tobacco stocks.
- websap 5y agoI don't use Facebook, but I wont turn down an opportunity to make some $$$
- nicce 5y agoAnd that is the serious problem in this world.
- skinnymuch 5y agoThe lack of awareness and smugness to be able to invest in a majority of the stock market when the line is drawn at Meta/Facebook is a problem too.
- nicce 5y agoThe problem is the endless requirement of the growth of public companies. It drives for situations/behaviour like Meta/Google/Amazon. But that is capitalism and only regulation can balance it out, sadly.
- websap 5y agoI wanna quit my job and never have a boss by the time I turn 40. Need to procure assets for that.
- throwaway4good 5y agoSurely there will be a rebound after a drop like this; they are still growing and making money.
- mikestew 5y ago"Dead cat bounce": risky, but it can often work. You just have to stick to the plan and not hold it. Let it bounce, sell. Called such because if you drop it from a sufficient height, even a dead cat will bounce once. Would I buy? If it weren't the tech equivalent of Exxon-Mobil I would probably take a small position for the lulz, put a tight stop on it, and see what happens in the next day or two.
- crocwrestler 5y agoHey, at least XOM is up 26.88% YTD
- bot41 5y agoI bought 0.5 shares on Revolut :)